100% Financing Loan
The 100% financing loan allows more rural families and individuals to become homeowners. This program allows moderate-income families to qualify for a mortgage without a down payment or closing costs.
Advantages to 100% financing is that no cash is needed for down payment. You do not need to liquidate stocks and other investments. You may want to finance as much as possible for tax deduction purposes. It is required that the property is owner occupied. It normally requires the use of both first mortgage and a second mortgage.
What People are Saying
I had been working with another lender for several months and it had turned into an extremely frustrating and stressful ordeal. My sister recommended Eagle River Mortgage. I found them to be helpful, professional and courteous -- and my loan closed in less than two weeks. In addition to getting a good interest rate for me, they arranged to have some of my equity included in my mortgage, which allowed me to pay off other debts and still end up with a lower payment. They are amazing! I intend to recommend them to everyone I know who buys or refinances a house. Thank you again for making this such a pleasant and beneficial experience.
Nampa Idaho